Friday, April 17, 2015

My letter to the NY Times re: Please, make me unemployed!

Dear Sirs:
I find it incredible that anyone, especially the vaunted New York Times, would treat with respect the fallacious concept that pay can be set arbitrarily--and enforced by the police power of the state--at whatever level is desired by workers. Arbitrarily raising the price of anything will reduce its demand. This is economics 101, and it applies to labor just as it applies to any other good or service. These workers may as well be chanting "Please, make me unemployed!".

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